California Water Service Group (CWT) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for California Water Service Group in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CWT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CWT, but not buy additional shares or sell existing shares.
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3 brokerages have issued 1 year price objectives for California Water Service Group's shares. Their CWT share price forecasts range from $56.00 to $67.00. On average, they predict the company's share price to reach $63.00 in the next twelve months. This suggests a possible upside of 30.5% from the stock's current price.
View analysts price targets for CWT or view top-rated stocks among Wall Street analysts.

California Water Service Group's stock was trading at $60.64 at the beginning of 2023. Since then, CWT stock has decreased by 20.4% and is now trading at $48.28.
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California Water Service Group saw a increase in short interest in August. As of August 31st, there was short interest totaling 541,500 shares, an increase of 9.9% from the August 15th total of 492,800 shares. Based on an average daily trading volume, of 346,500 shares, the days-to-cover ratio is currently 1.6 days.
View California Water Service Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CWT earnings forecast.

California Water Service Group (NYSE:CWT) released its quarterly earnings results on Thursday, July, 27th. The utilities provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by $0.74. The utilities provider earned $194.04 million during the quarter, compared to analyst estimates of $232.50 million. California Water Service Group had a net margin of 7.92% and a trailing twelve-month return on equity of 4.74%.

California Water Service Group declared a quarterly dividend on Wednesday, July 26th. Investors of record on Monday, August 7th will be given a dividend of $0.26 per share on Friday, August 18th. This represents a $1.04 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, August 4th.
Read our dividend analysis for CWT.

ETFs with the largest weight of California Water Service Group (NYSE:CWT) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco S&P Global Water Index ETF (CGW), First Trust Water ETF (FIW), Global X Clean Water ETF (AQWA), Opus Small Cap Value Plus ETF (OSCV), iShares Environmental Infrastructure and Industrials ETF (EFRA), Ecofin Global Water ESG Fund (EBLU) and Invesco Water Resources ETF (PHO).

California Water Service Group (NYSE:CWT) pays an annual dividend of $1.04 per share and currently has a dividend yield of 2.15%. The company has been increasing its dividend for 56 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 90.44%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CWT will have a dividend payout ratio of 47.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CWT.

14 employees have rated California Water Service Group Chief Executive Officer Martin Kropelnicki on Glassdoor.com. Martin Kropelnicki has an approval rating of 100% among the company's employees. This puts Martin Kropelnicki in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other California Water Service Group investors own include (NCIT) (NCIT), Ford Motor (F), SJW Group (SJW), American States Water (AWR), Alibaba Group (BABA), Pfizer (PFE), Consolidated Edison (ED), Enterprise Products Partners (EPD), General Electric (GE) and McDonald's (MCD).

California Water Service Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "CWT."

California Water Service Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (17.91%), State Street Corp (8.79%), Dimensional Fund Advisors LP (2.14%), Geode Capital Management LLC (1.91%), Northern Trust Corp (1.70%) and Bank of New York Mellon Corp (1.14%). Insiders that own company stock include David B Healey, Elissa Y Ouyang, Gerald A Simon, Lester A Snow, Lynne P Mcghee, Michael B Luu, Michelle R Mortensen, Robert J Kuta, Terry Bayer and Thomas M Krummel.
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Shares of CWT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CWT stock can currently be purchased for approximately $48.28.

California Water Service Group (NYSE:CWT) has a market capitalization of $2.79 billion and generates $846.43 million in revenue each year. The utilities provider earns $96.01 million in net income (profit) each year or $1.15 on an earnings per share basis.

The company employs 1,225 workers across the globe.

California Water Service Group's mailing address is 1720 NORTH FIRST STREET, SAN JOSE CA, 95112. The official website for the company is www.calwatergroup.com. The utilities provider can be reached via phone at (408) 367-8200, via email at kgarcia@calwater.com, or via fax at 831-427-9185.